Aliante Station
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Aliante Station
| Aliante Station | |
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| Address | 7300 Aliante Parkway North Las Vegas, Nevada |
| Opening date | November 11, 2008 |
| Theme | Modern |
| No. of rooms | 202 |
| Notable restaurants | MRKT Pip's Cucina & Wine Bar |
| Casino type | Land-Resort |
| Owner |
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| Operating license holder | Station Casinos |
| Website | Aliante Station |
Aliante Station Casino and Hotel is a locals casino located in North Las Vegas, Nevada, operated by Station Casinos and owned by a group of banks and private equity firms.[2]
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History
Aliante Station was built at a cost of $662 million as a joint venture between Station Casinos and the Greenspun Corporation, who had previously partnered in developing Green Valley Ranch.[3] Greenspun contributed the 40-acre site, part of its Aliante planned community. The target market was expected to include the 6,500 households in Aliante and visitors to the Las Vegas Motor Speedway, among other locals and travelers.[3]
The casino was scheduled to open on November 11, 2008, at 11:11 p.m. Before the opening, a fireworks show was provided for the public. When the fireworks ended people started to gather at every entrance and traffic backed up, so management opened the doors at 10:40 p.m.[4]
After Station Casinos filed for bankruptcy in July 2009, Aliante was handed over in November 2011 to its creditors, a group of nine banks and three private equity firms, who were owed more than $378 million, while the property's estimated liquidation value was only $47-53 million.[5][6] ALST Casino Holdco LLC was created to own the resort, with its largest shareholders being Standard General LP (28%), Apollo Global Management (20%), and TPG Capital (20%).[1] Station continues to manage Aliante under an agreement with the new owners.[2]
Similarities and differences
The Aliante Station has a similar interior design to the Red Rock Resort Spa and Casino, that is located in Summerlin. However, the Aliante Station presents a different design on the exterior. These similarities include a different color. The Red Rock has a maroon type of red color. The Aliante has a more aquamarine type of blue color to it.
References
- ^ a b ALST Casino Holdco LLC (4 November 2011). Form 8-K (Report). http://www.sec.gov/Archives/edgar/data/1527705/000095012311095227/y05298e8vk.htm. Retrieved 8 March 2012.
- ^ a b Green, Steve (17 November 2011). "Changes disclosed in Aliante Station management contract". Vegas Inc. http://www.vegasinc.com/news/2011/nov/17/changes-disclosed-aliante-station-management-contr/. Retrieved 8 March 2012.
- ^ a b "Gaming board confident Aliante can survive times". Casino City Times. 9 October 2008. http://www.casinocitytimes.com/news/article/gaming-board-confident-aliante-can-survive-times-175411?contentID=175411. Retrieved 8 March 2012.
- ^ Finnegan, Amanda (November 12, 2008). "Fireworks mark opening of Aliante Station". Las Vegas Sun. http://www.lasvegassun.com/news/2008/nov/12/fireworks-mark-opening-aliante-station-casino/. Retrieved 2008-11-13.
- ^ Steve Green, Las Vegas commercial mortgage delinquencies lead nation, hit $2.9 billion, Vegas Inc, May 22, 2011.
- ^ Ryan, Cy (6 October 2011). "Gaming Control Board backs Aliante Station transfer to new owners". Vegas Inc. http://www.vegasinc.com/news/2011/oct/06/gaming-control-board-backs-aliante-transfer-new-ow/. Retrieved 7 October 2011.
External links
Coordinates: 36°17′28″N 115°10′55″W / 36.29111°N 115.18194°W
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